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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Interest and dividend income:        
Loans, including fees $ 42,644 $ 28,781 $ 81,533 $ 55,102
Mortgage-backed securities 184 47 370 206
Other investment securities 1,070 939 2,190 1,887
FHLB stock and other interest earning assets 3,339 694 5,496 990
Total interest income 47,237 30,461 89,589 58,185
Deposits:        
Demand 4,190 946 7,344 1,704
Savings and club 143 110 261 218
Certificates of deposit 8,474 849 14,927 1,829
Total deposits 12,807 1,905 22,532 3,751
Borrowings 7,441 815 12,597 1,621
Total interest expense 20,248 2,720 35,129 5,372
Net interest income 26,989 27,741 54,460 52,813
Provision (benefit) for credit losses [1] 1,350   1,972 (2,575)
Net interest income after (credit) provision for loan losses 25,639 27,741 52,488 55,388
Non-interest income:        
Fees and service charges 1,442 1,213 2,540 2,427
BOLI income 267 686 688 1,441
Gain on sales of loans   43 6 108
Realized and unrealized (losses) on equity investments (669) (2,302) (3,896) (4,987)
Other 78 47 116 98
Total non-interest income 1,118 (313) (546) (913)
Non-interest expense:        
Salaries and employee benefits 7,711 6,715 15,329 13,451
Occupancy and equipment 2,560 2,673 5,112 5,368
Data processing and communications 1,795 1,469 3,460 2,934
Professional fees 622 489 1,188 983
Director fees 270 296 535 617
Regulatory assessments 796 244 1,332 548
Advertising and promotional 350 254 628 395
Other real estate owned, net 1 4 2 5
Other 601 912 974 1,714
Total non-interest expense (loss) 14,706 13,056 28,560 26,015
Income before income tax provision 12,051 14,372 23,382 28,460
Income tax provision 3,447 4,209 6,672 8,345
Net Income 8,604 10,163 16,710 20,115
Preferred stock dividends 174 138 347 414
Net Income available to common stockholders $ 8,430 $ 10,025 $ 16,363 $ 19,701
Net Income per common share-basic and diluted        
Basic $ 0.50 $ 0.59 $ 0.97 $ 1.16
Diluted $ 0.50 $ 0.58 $ 0.96 $ 1.13
Weighted average number of common shares outstanding        
Basic 16,824 16,997 16,886 16,989
Diluted 16,831 17,404 17,010 17,375
[1] The Company adopted ASU 2016-13 as of January 1, 2023. Prior year periods have not been restated.